Whereas I know (to me) they are indistinguishable.
3 key reasons why some might say the ultra/vibelink pairing is better, but why I think the amp ultra is better.
Best of all, as they are my reasons no one can say I'm wrong.
Misguided maybe, but not wrong.
1) Vibelink has a pure analog input, no adc applied.
Yet I think the vibelink analog input sounds significantly worse than digital. For me this makes the possibility of using an external dac (or even the ultra dac) or full analog path (e.g. vinyl bypassing the ultra) a moot point.
2) Ultra has a headphone socket.
While I have said, and still think, the ultra's headphone output is good for a device at this price point along with everything else it offers, any 'serious' headphone listener will want better. And better can be had for not a lot of money. Hoorah for usb out.
3) Separates /flexibility.
I can fully appreciate the flexibility two units provide, and agree. But...
If one of the two units is the vibelink then compared to the amp ultra the actual amplification part is (almost) the same. Well, sound wise I cannot tell them apart, so the same is close enough. An ultra and something completely different I get, but an ultra + vibelink vs an amp ultra... six of one and half a dozen of the other.
Although separates does allow you to mix things up / move things around later on. So maybe a draw here after all.
Regardless, whichever you choose I doubt you'll be disappointed, so enjoy!